Liverpool Daily Post - Tag - northern rock

Virgin Money is promising to shake up high street banking in Britain with its acquisition of Northern Rock

Liverpool Daily Post — Mon, 28 Nov 2011 00:00:00 GMT

Jeremy Gates looks at the nation’s money issues and reports on Virgin Money’s acquisition of Northern Rock

Northern Rock sold to Sir Richard Branson’s Virgin Money with estimated £400m loss to taxpayers

Liverpool Daily Post — Fri, 18 Nov 2011 04:00:00 GMT

TAXPAYERS were sitting on a potential £400 million loss last night after Northern Rock – the lender whose dramatic collapse signalled the start of the financial crisis – was sold to Sir Richard Branson’s Virgin Money.

Virgin Money favourite to buy Northern Rock as £400m taxpayers’ loss looms

Liverpool Daily Post — Sun, 23 Oct 2011 23:00:00 GMT

SIR Richard Branson’s Virgin Money looks to be in pole position to land Northern Rock as the auction of the nationalised lender nears its conclusion.

UKAR announces profits

Liverpool Daily Post — Thu, 31 Mar 2011 07:48:00 GMT

The state-owned company that runs nationalised Northern Rock Asset Management and Bradford & Bingley today said both companies returned to profit last year.

'Bad banks' Northern Roack and Bradford & Bingley to merge

Liverpool Daily Post — Wed, 24 Mar 2010 15:38:00 GMT

The so-called “bad banks” of nationalised lender Northern Rock and Bradford & Bingley are to merge under proposals confirmed today.

Nationalised Northern Rock split into two

Liverpool Daily Post — Mon, 04 Jan 2010 13:21:00 GMT

Nationalised Northern Rock was split into two today as the race to take over the “good” part of the bank stepped up a gear.

No compensation for Northern Rock shareholders

Liverpool Daily Post — Tue, 08 Dec 2009 13:52:00 GMT

Former Northern Rock shareholders are unlikely to receive a penny in compensation following the nationalisation of the bank, a report costing £4.5m warned today.

Darling plans bank sell-off to recoup taxpayers' cash

Liverpool Daily Post — Sun, 01 Nov 2009 16:00:00 GMT

Alistair Darling announced today that the state-controlled banks would be broken up for sale in a bid to improve competition and recoup taxpayers’ cash from the bail-out of the sector.

Northern Rock plan set for approval

Liverpool Daily Post — Fri, 23 Oct 2009 11:08:00 GMT

Plans to split Northern Rock in two ahead of a possible sale of the state-run bank are set to gain European approval next week, it was reported today.

Furore over bank’s staff bonuses misses the point, says employment expert

Liverpool Daily Post — Tue, 27 Jan 2009 00:00:00 GMT

Mark Dale on why, legally, the Northern Rock staff bonuses had to be paid